Three easy ways to cut travel costs

Travel costs might not form the biggest part of your organisation’s budget, but they are probably one of the easiest to cut. However, while restricting how much your people can travel may help to save money, it can also restrict their ability to do their jobs well. So before you cancel all off-site meetings or ban everyone from leaving the office altogether, try these three simple ideas. Continue reading

Time to be open about costs

Organisations in the not-for-profit sector, just like their private sector counterparts, require time, effort and resources if they are to be managed effectively. But there is increasing criticism from some quarters of the level of management and administration costs that these organisations incur. Charities and other not-for-profits need to be more confident in explaining their costs and in making the case for good management. Continue reading

The costs of sharing corporate services

In a report issued today, the National Audit Office has concluded that government attempts to save money by sharing ‘back office’ services such as finance and human resources have actually ended up costing more money than they have saved. It appears that by creating complex services overly tailored to individual departments, the five shared services centres review by the NAO have increased costs and reduced flexibility. There has also been a failure, the report says, to develop the benchmarks necessary for measuring performance. Continue reading

Understanding costs

With the economic forecasts oscillating between bad and awful, many organisations are taking a long, hard look at their costs. With this in mind, I thought now might be a good time to explore some of the different types of cost and what we can do about them. Continue reading

Making the most of the new year

Firstly, a very happy new year to all of my readers, clients, associates and friends. The start of a brand new year is always – for me, at least – a time of reflection on what has been before and of planning for what is to come. It is also when we select our resolutions for the next twelve months. Continue reading